Wynn Resorts have promised the world’s largest casino should it win one of three gambling licences in Japan. The company has upped the ante on its lobbying campaign. The intention to build the largest Casino in Japan was revealed at a recent conference in Massachusetts.
Chris Gordon, the leader of Wynn’s Resorts lobbying campaign, told the media about the company’s vision for the Japan gambling market. This market is said to be the world’s third-biggest industry in gambling. Gordon further told The Japan Times that they like the fact that the country’s government is trying to boost the tourism industry. Japan is also an exciting place because people have a high interest in gaming.
The lawmakers in Japan are in the final stages of drafting the regulations that will form part of the licensing process. The biggest casino operators in the world are expected to bid for licensing rights in the country. This includes Wynn Resorts, Melco Resorts, Las Vegas Sands, Galaxy Entertainment and MGM Resorts.
World’s largest Casino will Include MICE Space
Chris Gordon would not reveal how much the Casino would cost. But he did say that the Casino would include meeting, incentives, conventions and exhibition (MICE) spaces. He further said that the casino would be built in the city of Osaka and would occupy 2-3 million square feet area. He estimated that it would be approximately 8 times bigger than the Encore Boston Harbour.
It cost $2.6 billion to construct the Encore Boston Harbour. In 2016 Wynn Resorts invested $4.2 billion on the Macau Cotai Strip. Gordon said that the investment in Japan would be more extensive than that of the Cotai Strip.
MGM Resorts and Las Vegas Sands front-runners for the first two Licences
MGM Resorts and Las Vegas Sands are said to be leading in race to secure a gambling license in Japan. These two casino operators are considering Osaka or Yokohama as prime locations to construct their casinos. Wynn Resorts is happy with either city. The company is also considering Tokyo if it enters the process.